可持续发展债券影响报告2025（英文）

AIIB

SUSTAINABLEDEVELOPMENTBONDS

IMPACTREPORT2025

AIIB

SUSTAINABLEDEVELOPMENTBONDS

IMPACTREPORT2025

TheEgyptRuralSanitationServicesProgramprovideshouseholdsewageconnectionsto178,000households.

CONTENTS

MESSAGEFROMTHEPRESIDENTiv

FOREWORDFROMTHETREASURER

v

ABBREVIATIONS

vi

1INTRODUCTION

1

2AIIB’SSUSTAINABLEDEVELOPMENTBONDS

TermFunding

EuroCommercialPaper(ECP)

ClimateAdaptationBond

3

4

6

7

3

INFRASTRUCTUREFORPLANETARYHEALTH:

INVESTINGINPEOPLE’SHEALTH

ANDWELL-BEING

11

4SNAPSHOTOFOUTCOMESIN2025

ExpectedSectorOutcomes

AchievedOutcomes

ClimateFinance

17

18

20

22

5

IMPACT360。–MEASURINGIMPACTBEYOND

THECAPITAL

25

6

AIIB’SCONTRIBUTIONTOTHESUSTAINABLE

DEVELOPMENTGOALS

29

7

PORTFOLIO-LEVELREPORTING35

PortfolioBreakdownbySector36

PortfolioBreakdownbyRegion37

PortfolioVolume38

PortfolioAlignmentwithAIIB’sThematicPriorities38

8

FEATUREDPROJECTS41

Côted’Ivoire:InclusiveConnectivityand

RuralInfrastructureProject42

Indonesia:DevelopmentofPumpedStorageHydropower

inJavaBaliSystem44

Cambodia:IntegratedWaterResourcesManagement46

Multicountry:PatriaInfrastructureFundV48

India:GreenAffordableHousingFinancewithIIFLHomeFinance50

Kazakhstan:KokshetauPPPHospitalProject52

China:YantaiHigherVocationalSchoolProject54

9

PROJECT-BY-PROJECTREPORTING57

Energy58

Transport62

HealthInfrastructure66

Water66

Urban68

DigitalInfrastructure68

EducationInfrastructure70

Multi-sector70

EnerjisaTürkiye

MESSAGE

FROMTHEPRESIDENT

Overthepastdecade,theAsianInfrastructureInvestmentBank

(AIIB)hastransformedfromanambitiousideaintoaleading

multilateraldevelopmentbank(MDB),deliveringtangibleimpactforourMembersandtheirpeople.AIIBhasfinancedinfrastructurethatisnotonlyessentialforeconomicgrowthandwell-being,butalsofocusedondeliveringenvironmentalandsocialsustainabilityandmuch-neededresilienceinanevolvingworld.

Theachievementsofourfirstdecadespeakforthemselves. By2025,AIIBdisbursedoverUSD38.4billioninfinancing projectsacrossdifferenteconomiesinAsiaandbeyond,spanning diverseinfrastructuresectors,includingenergy,transport,water, sustainablecities,digitalinfrastructureandtechnology,health,andeducation.OurSustainableDevelopmentBondshaveraisedmorethanUSD55billion,coveringcurrentandfuturedisbursementcommitmentsbasedoncommittedprojectswithclearsustainabilityoutcomesandimpacts.Yet,aswecelebratethesemilestones,wemustconfronttherealitythatglobalchallengesareintensifying.RecentdisastersamongourMembers,suchasthedevastatingflashfloodsandlandslidesinSumatra(Indonesia)andSriLanka,claimedthelivesofthousandsofpeople,diminishedthelivelihoodsofentireareas,andcausedconsiderableeconomiclosses.Climatechange,biodiversityloss,pollution,andgeopoliticalinstabilityareconvergingtocreaterisksthatthreatenlivesandlivelihoods,particularlyindevelopingcountries.ItiswiththesechallengesthatAIIBiscoordinatingactiontosupportourMembers.

AIIBstandsreadytoleadinthisnewera.GuidedbyourmissiontofinanceInfrastructureforTomorrow,wewillcontinuetoinnovate,collaborate,andleveragetheexperiencewehavegainedindeliveringdevelopmentoutcomes.Ourstrongfinancialfoundationanddedicatedteamenableustopursuea“green,clean,andlean”approach,deliveringimpactefficientlywhileupholdingthehigheststandardsofintegrity.Transparencyremainscentraltoourapproach.Wereportregularlyonourprogress,andin2025,AIIBlauncheditsfirstSustainabilityReport,animportantmilestoneinstrengtheningaccountabilityandstakeholdertrust.

Wearealsoadvancinginvestmentsinhealth,nature-basedsolutions,anddigitalfinanceinitiatives–amongothers–reinforcingourcommitmenttosustainabilityandinclusivity.Lookingahead,wewilldeepenandexplorepartnershipswithabroadrangeofstakeholdersincludingotherMDBs,governments,andprivateinvestorstomobilizeresourcesatscale.

AsthePresidentofAIIB,Iamhonoredtoleadthisinstitutionintoitsseconddecade.Together,wecanbuildafuturewheredevelopmentandsustainabilitygohandinhand.Letusmoveforwardwithdeterminationandsharedpurposetocreatelastingimpactforpeopleandtheplanet.

ZouJiayi

PresidentandChairoftheBoardofDirectorsAsianInfrastructureInvestmentBank

ActingChiefFinancialOfficerandTreasurerAsianInfrastructureInvestmentBank

FOREWORD

FROMTHETREASURER

TheachievementsofAIIB’sfirstdecadeofoperationshavebeenremarkable.Thisannualimpactreportshowcasesthescale,quality,anddevelopmentimpactoftheBank’sinvestmentoperations.Inparallel,AIIBcontinuestodeepenitsengagementinthecapitalmarketstomobilizefundinginsupportofitsmission.

In2025,wesuccessfullyraisedUSD10.2billionequivalentunderourSustainableDevelopmentBondFramework(theFramework),whereby100%oftheproceedsgotowardacombinationofgreen,social,andsustainableprojectsthatmeetAIIB’spoliciesandstandards.Theframeworkcontinuestoguideourfundingactivitiestofinanceinfrastructurethatpromoteseconomicgrowth,socialinclusion,climateaction,andenvironmentalstewardship.

ThebondsissuedundertheFrameworkaffirminvestors’confidenceinAIIB’scommitmenttomobilizingcapitalforprojectsthatdeliverlong-termvalueforourMembersandstakeholdersthroughinfrastructureinvestments.Asoftheendof2025,AIIBhadUSD37.6billionequivalentinlong-termdebtoutstanding.

WeapprovedUSD10.6billionfor57projectsin2025,with71%ofthatfinancingdedicatedtoclimate-positiveoutcomes.Forexample,wecontinuedtosupportoursuccessfulClimate-FocusedPolicy-BasedFinancing,atoolintroducedbackin2024tohelpMembersimplementpolicyreformsforlow-carbonandclimate-resilientgrowth.Ourgoalistodemonstratehoweachdollarraisedcontributestotangibledevelopmentoutcomes,whetherthroughimprovedaccesstocleanenergy,resilienttransportsystems,orinclusiveurbaninfrastructure.

Lookingahead,AIIBremainscommittedtofinancinginfrastructurethatdriveseconomicgrowthandwell-beingwhiledeliveringenvironmentalandsocialbenefitsandavoidingnegativeimpacts.Bycombiningstrongfinancialdisciplinewithsustainabilityprinciples,weaimtocreatelastingvalueforpeopleandtheplanet.Iampleasedtoshareour2025ImpactReportreflectingtheimpactandexpectedresultsofinvestinginsustainableinfrastructure.

Learnmoreabout

AIIB’sSustainableDevelopmentBondFramework

andthe

ImpactofAIIBFinancing

onAIIB’sYouTubechannel.

DomenicoNardelli

ABBREVIATIONS

AIIB

—

AsianInfrastructureInvestmentBank

COP

—

ConferenceoftheParties

CPBF

—

ClimatePolicy-BasedFinancing

CRF

—

COVID-19CrisisRecoveryFacility

ECP

—

Eurocommercialpaper

GDP

—

grossdomesticproduct

GHG

—

greenhousegas

MDB

—

multilateraldevelopmentbank

PCN

—

ProjectCompletionNote

PPP

—

public–privatepartnership

PSH

—

pumped-storagehydropower

PV

—

photovoltaic

RMF

—

ResultsMonitoringFramework

SDG

—

SustainableDevelopmentGoal

SEC

—

U.S.SecuritiesandExchangeCommission

UHC

—

universalhealthcoverage

UnitsofMeasurement

CO2e—

carbondioxideequivalent

GWh—

gigawatthour

ha—

hectare

km—

kilometer

kg—

kilogram

kV—

kilovolt

m3—

cubicmeter

m3/s—

cubicmeterspersecond

MtCO2e—

milliontonnesofcarbondioxideequivalent

MW—

megawatt

tCO2e—

tonnesofcarbondioxideequivalent

Nature-basedsolutions(e.g.urbangreenareas)cangeneratehealthco-benefitsbyreducing

pollution,strengtheningclimateresilienceofhealthfacilities,andupgradinginformalsettlements.

01

Türkiye:IzmirMetroExpansionPhase4increasesthecapacity,connectivity,andefficiencyofIzmirMetro.

INTRODUCTION

TheAsianInfrastructureInvestmentBank(AIIBortheBank)isamultilateraldevelopmentbank(MDB)whosemandateisto(i)fostersustainableeconomicdevelopment,createwealth,andimproveinfrastructureconnectivityinAsiabyinvestingininfrastructureandotherproductivesectors;and(ii)promoteregionalcooperationandpartnershipinaddressingdevelopmentchallengesbycloselycollaboratingwithothermultilateralandbilateraldevelopmentinstitutions.

InApril2021,AIIBintroducedthe

SustainableDevelopment

BondFramework

(theFramework),whichsetsouthowAIIBissuesbondsanddemonstratesthatthefundsitraisessupportsustainabledevelopmentoutcomes.Italsooutlinesthecriteriaforprojectselectionandthestrategies,policies,andprocessesgoverningthem.ThisannualSustainableDevelopmentBondImpactReportprovidestransparencyontheBank’sportfolioandproject-levelobjectives,focusingontheenvironmentalandsocialbenefitsexpectedfromitsfinancingactivitiesin2025.

AIIBiscommittedtocontinuouslyimprovingitsapproachinlinewithindustrybestpracticesandmarketexpectations.TheFrameworkandtheannualImpactReportaresubjecttoongoingrevisionandenhancementtoalignwithevolvinggreen,social,andsustainablebondmarkets,emergingsustainabledevelopmenttrends,andchangesinAIIB’sstrategies,policies,andprocesses.

AIIBwelcomesfeedbackfrominvestors,stakeholders,andmarketparticipants.Pleaseemailyourcommentsto

funding@

.

Formoreinformation,pleasevisit

.

02

TermFunding4

EuroCommercialPaper(ECP)6

ClimateAdaptationBond7

India:ProjectMeridiansupportsthedevelopmentofInfrastructureInvestmentTrust(InvIT)

asaninfrastructureassetclassinIndiabyfinancingInvIT’sacquisitionofrenewableenergyassets.

AIIB’S

SUSTAINABLE

DEVELOPMENTBONDS

AIIB’sSustainableDevelopmentBondsrepresentacommitmenttofinancingprojectsthatprioritizeenvironmentalandsocialsustainability.ThroughtheissuanceofSustainableDevelopmentBonds,AIIBchannelsfundsintoprojectsinareassuchasrenewableenergy,cleantransportation,andclimateadaptation,assistingclientsintheireffortstoachievetheUnitedNations

SustainableDevelopmentGoals(SDGs)

.

In2025,AIIBaccomplisheditslargestjointborrowingprogram,fundingUSD10.2billion,includingninebenchmarktransactionsinsevencurrencies.Forthefirsttimeinacalendaryear,AIIBissuedthreeUSDSECbenchmarkbondsacrossthecurve,allofwhichattractedsignificantdemand,reflectingthedesirabilityofhigh-qualityliquidassetswithproceedsthatfundsustainability.OnehighlightwasissuingtheinauguralpublicHKDbenchmark,thefirstpublic-formatHKDbondissuedbyaninternationalissuer,settlinglocallyintheCentralMoneymarketsUnit.TheHKDtransactionmarksamilestonefortheopeningofthepublicHKDmarkettointernationalissuersandexpandsthesuiteofsustainabledevelopmentbondsinthismarket.

OtherbenchmarkmarketactivityincludedissuanceinAUD,CHF,CNY,EUR,andGBP,allattractingattentiontothesustainabledevelopmentbondlabel,withinvestorsincreasinglyfocusedonallocatingcapitaltoinvestmentsthatsupportsustainabledevelopment.ThestrongglobalsupportfrominvestorsforthesetradesistestamenttoAIIB’smission.

Formoreinformation,pleasevisit

Funding–AIIB

.

42

4SUSTAINABLEDEVELOPMENTBONDS—IMPACTREPORT2025

TermFunding

AnnualIssuanceAmounts

12

10

USDbillion

8

6

4

2

0

50

40

30

49

45

45

9.9

2.2

41

CountofTrades

10.2

2.3

10.0

8.5

2.5

7.2

1.6

2.0

20

10

6.9

7.6

2024

7.8

2025

5.1

7.5

0

2021

2022

2023

Totaloutstanding

issuanceamount

asofDec.31,2025:

USD37.6billion

PublicbenchmarkbondsReverseinquiries/Medium-termnotes

Totaltradecount

Note:LocalcurrencybondamountinUSDequivalent:0.1billionin2022and0.2billionin2025.

2025AnnualIssuance

byCurrency,inUSDEquivalent

7.7%...

Others

A$

USD

58.4%$

USD10.2billion

issuedin2025across

13currencies

3.0%

AUD

5.0%

HKD

6.1%

GBP

8.7%

CNY

11.1%

EUR

AIIB,SSUSTAINABLEDEVELOPMENTBONDS5

BOX1

PrivateCapitalMobilization:

Georgia’sfirstcorporatesocialbond

InSeptember2025,theBankissuedafive-yearfloating-ratenoteinGeorgianLari(GEL),raisingGEL40million(equivalenttoapproximatelyUSD15million).TheproceedsarebeingusedtofundtheBank’sinvestmentinJSCGeorgiaHealthcareGroup,thecountry’slargesthealthcareservicesprovider,whichissuedaGEL350millionbondunderitsSocialBondFramework.TheGroup’sissuanceisthelargestlocal-currencydomesticcorporatebondissuanceinGeorgiatodateandsupportsthegrowthofthecountry’sbondmarketwhileallowinginvestorstopursuebothfinancialreturnsandmeasurablesocialimpact.

Buildingonthisfinancing,the

Project

willexpandaccesstohealthcareinunderservedurbanandruralregions.Itincludesrefurbishinghospitalsandclinics,upgradingmedicalequipment,andexpandingessentialservices.Theseinvestmentsstrengthendiagnosticcapacityandhelpbringpreventiveandspecialistcareclosertocommunitiesthatcurrentlylackit.Ultimately,thestrengthenedregionalhospitalnetworkwillhelpreducepatientoverloadinmajorfacilities,ensuringmoretimelyandequitableaccesstomedicalservicesacrossthecountry.

Byfundingthistransactionthroughalocalissuance,AIIBiscontributingtothedevelopmentofGeorgia’scapitalmarkets,followingonAIIB’sfirstGELissuancein2022.ThesetransactionscreatemoreinvestableopportunitiesfordomesticinvestorswhilechannelinglocalcurrencyfinancingtoGeorgianbusinesses.

TargetResults

Numberofindividualsservicedwith

UniversalHealthCareProgram

(UHCP)ainsmallcities:

678,500

Purchaseofmedicalequipmentforhospitalsoutsidethecapital:b

14

aJSCGeorgiaHealthcareGroupisoneoftheprivatehealthcareprovidersparticipatingintheUniversalHealthCareProgram(UHCP),astate-fundedmedicalinsurancescheme,coveringkeymedicalservicesforitsbeneficiaries.

bMedicalequipmentinthiscontextmaycoverMRIscanners,CTscanners,ultrasoundmachines,andotherdiagnostictools,ensuringaccesstoadvancedmedicaltechnologies.

6SUSTAINABLEDEVELOPMENTBONDS—IMPACTREPORT2025

EuroCommercialPaper(ECP)

2025ECPMonthlyOutstandingBalance,inUSDmillions

Jan

Feb

Mar

Apr

May

June

July

709

1,248

1,247

1,329

1,049

1,450

1,666

2,456

2,497

Aug

Sept

2,617

Oct

2,745

Nov

1,209

Dec

05001,0001,5002,0002,5003,000

2025CumulativeECPIssuancebyCurrency,inUSDEquivalent

70.3%

28.3%1.4%

Percentage

Currency

$

USD

EURGBP

USD11billion

issuedin2025

AIIB,SSUSTAINABLEDEVELOPMENTBONDS7

ClimateAdaptationBond

InJanuary2025,AIIBsuccessfullyissueditssecondClimateAdaptationBond,raisingAUD500millionundertheFramework,followingonfromthepreviousyear.Intotal,theBankhasissuedAUD1billionthatwillfundprojectswhereatleast20%oftotalprojectfinancingcontributestoclimateadaptationefforts.

AIIB’sdefinitionofclimateadaptationisbasedontheharmonizedprinciplesfromtheMDBs’1

JointMethodologyforTrackingAdaptationFinance

(theJointMethodology)andthe

Common

PrinciplesforClimateChangeAdaptationFinanceTracking

(CommonPrinciples).TheBankfollowsrigidclimate-resilience

criteria

,requiringrobustclimateriskidentification,assessment,andmanagement.Thedetailsonthesecriteriaareprovidedunder

AIIB,sMethodologyforAssessing

theAlignmentofAIIBInvestmentOperationswiththeParisAgreement

(2023).

AIIBClimateAdaptation-ThemedBondIssuances

ISIN

Pricing

Date

IssueDate

Maturity

Date

Currency

Issuance

Amount

(million)

USD

Equivalent

Amount

(million)

AU3CB0299386

May10,

2023

May17,

2023

May17,

2028

AUD

500

388.4

AU3CB0317444

Jan.14,

Jan.21,

Jan.21,

AUD

500

307.4

2025

2025

2030

Total695.8

Thetablebelowprovidesarecapofthespecificprojectsfinancedthroughthebonds,includingMembers,sectors,shareofclimateadaptationfinance,expectedprojectresults,andallocatedamounts.

Forfurtherinformationonspecificadaptation-relatedframeworksappliedbyAIIB,seetheClimateAdaptationBondFrequentlyAskedQuestionsfromAIIB’s

2023ImpactReport

(p.24).

Theproceedsofthisbondwillstrengthenthe

resilienceofinfrastructureacrossourmembers,

enablingthemtobetterprepareforandmitigate

theimpactsoffutureclimateevents.

DomenicoNardelli

ActingChiefFinancialOfficerandTreasurer,AIIB

1ParticipatingMDBsaretheAfricanDevelopmentBank,theAsianDevelopmentBank,theAsianInfrastructureInvestmentBank,theCouncilofEuropeDevelopmentBank,theEuropeanBankforReconstructionand

Development,theEuropeanInvestmentBank,theInter-AmericanDevelopmentBankGroup,theIslamicDevelopmentBank,theNewDevelopmentBank,andtheWorldBankGroup.

8SUSTAINABLEDEVELOPMENTBONDS—IMPACTREPORT2025

ProjectAllocationTable

Member

Sector

Description

PunjabMunicipal

ServicesImprovement

Project

(000448)

India

Urban

Tostrengthenurbangovernanceandfinance,improvewaterinfrastructure,anddeliversustainablewater

servicesinthecitiesofAmritsarandLudhiana,PunjabState.TheProjectalsofinancescapacitybuildingofurbanservicedeliverysystems,reinforcementofwatersupplyinfrastructure,andCOVID-19crisisresponse.

HenanFlood

Emergency

Rehabilitationand

RecoveryProject

(000543)

China

Water

Tosupportthepost-disasterrehabilitationandrecoveryinthemunicipalitiesofZhengzhou,Xinxiang,andJiaozuoofHenanProvinceandtostrengthenthecapacityof

thesethreemunicipalitiesinintegratedflooddisasterriskmanagementandfloodemergencyresponse.

WestBengal

Electricity

DistributionGrid

ModernizationProject

(000454)

India

Energy

ToimprovetheoperationalefficiencyandreliabilityofelectricitysupplyinselectedareasofWestBengal.

ClimateResilient

Inclusive

DevelopmentProgram

(Subprogram1)

(000814)

Bangladesh

Multi-sector

TohelptheGovernmentofBangladeshimplement

criticalpolicyandinstitutionalreformstomainstream

climatechangeadaptationandmitigationactionsforthesustainable,resilient,andinclusivegrowthofBangladesh.

TürkiyeEmergency

RoadRehabilitation

andReconstruction

Project

(000848)

Türkiye

Transport

Torestoreconnectivityandenablesafeandefficientmovementofgoodsandpeoplebyrehabilitating

essentialtransportationinfrastructurelocatedintheearthquake-affectedareasofTürkiye.

aSeeAnnexI,

ListofDisbursedProjects

:ResultsMonitoringFrameworkforeachprojectdocument.Expectedresultsare

selectedex-anteoutputsoroutcomesindicatorsexpectedatthetimeofprojectapproval.Actualprojectresultsmaydiffer.

AIIB,SSUSTAINABLEDEVELOPMENTBONDS9

AIIBNet

Commitment

(USDmillion)

Climate

Adaptation

Finance

Allocated

Amount

(USDmillion)

ExpectedResultsa

105.0

35%

33.4

•3millionpeoplewillbeprovidedwithaccesstosafelymanagedwatersupply

•2watertreatmentplantswillbebuiltandoperational

•180storagefacilitiesbuilt/rehabilitated

•Reducedenergyconsumptionoftheoperatedwatersupplysystemby0.06MWhour/year

1,000.0

39%

390.0

•7.3millionpeoplewilldirectlybenefitfromtheproject

•20millionpeopleinthethreemunicipalitieswillindirectlybenefitinthelongterm

•810kmofroads,120kmofdikes,250bridges,6pumpingstations,63kmofsewageorstormwaterpipelines,and

168kmofnational/provincialhighwayswillberehabilitatedorconstructed

135.0

23%

31.1

•12,100kmofdistributionlinesretrofittedtoreduceenergyuse

•1,700kmofdistributionlinesmovedunderthegroundtoreduceexposuretostormandtreedamage

•1,900kmofdistributionlinesconstructed

•200,000consumersputonadvancedmeteringinfrastructuremeters

400.0

82%

328.0

•AtleastUSD400millioninvestmentinitiatedinthewaterresourcessectortopromotewatersecurity

•Climate-proofedagriculturallandincreasedfrom10%toatleast20%

•Atleast5millionpeopletobenefitfromtherivererosionforecastandearlywarningsystem

•Floodinundationperiodin14pourashavasreducedbyatleast30%duringaveragemonsoonperiod,benefiting1.4millionpeople

186.8

23%

43.0

•69.9millionpeoplewillbenefitfromenhancing

transportationefficiencyandconnectivity,andsaferinfrastructureconditions

•Theprojectadoptsclimateresiliencefeaturesintotheprojectdesign,tacklingincreasingheateventsandflashorriverflooding

•44kmofroadswillberehabilitated

TOTAL825.5

03

Georgia:HealthcareGroupSocialFinancing

INFRASTRUCTUREFORPLANETARY

HEALTH:

INVESTINGIN

PEOPLE’SHEALTHANDWELL-BEING

Theworldisfacinggrowingobstaclestoimprovingthehealthofitspopulationsinthefaceofclimatechange,thethreatofpandemics,includingantimicrobialresistance,agingpopulations,andpersistentinequalities.Pre-existinginfrastructuregapsandagingandoutdatedhealthinfrastructure,togetherwithhuman-inducedchangesinclimate,nature,andbiodiversity,areprofoundlyimpactinghumanhealthandwell-being,posingseriousandescalatingthreatstoglobalhealthgains,economies,anddevelopment.TheWorldHealthOrganizationestimatesthataroundaquarterofglobaldeathsareattributabletomodifiableenvironmentalfactors(basedon2016data).2Airpollutionisthelargestenvironmentalcauseofdiseaseandprematuredeath,causingovereightmilliondeathseveryyear,3morethanthecombinedglobaldeathscausedbytuberculosis,HIV/AIDS,andmalaria.4,5

Buildingontheexperiencegainedduringthepandemic,AIIB’sBoardofDirectorsapprovedtheBank’s

HealthStrategy

inDecember2024tosupportMembers’healthprioritiesandhelpadvanceuniversalhealthcoverage(UHC).Thestrategyaddressesmegatrendssuchasclimatechange,demographicshifts,urbanization,technologicalinnovation,andhealthsecurityrisks.Thestrategydevelopmentprocessbenefitedfromextensivepublicconsultation,consideringviewpointsfromadiversesetofexternalstakeholders.

2WorldHealthOrganization.2018.

Preventingdiseasethroughhealthy

environments:aglobalassessmentoftheburdenofdiseasefrom

environmentalrisks

.

3StateofGlobalAirInitiative.2025.

StateofGlobalAirReport2025

.

4WorldHealthOrganization.2026.

Tuberculosisfactsheet

.

5HealthPolicyWatch.2025.

GlobalFund:DeclinesinMalaria,HIVandTB

DeathsThreatenedbyDonorAidCutbacks,ClimateandConflict

.

12SUSTAINABLEDEVELOPMENTBONDS—IMPACTREPORT2025

InfrastructureforHealthServices

Strengthenhealthvalue-chaintowardUniversalHealthCoverage(UHC)

HealthSecurity

Enhancepandemic

preparednessand

responseamidincreasingconnectivity

Technology-BasedSolutions

Improvehealththroughtechnologyadoption

MobilizingFinance

Addressfinancinggapsbymobilizingprivatecapitalforhealth

StrategicPrioritiesoftheAIIBHealthStrategy

HealthBenefits

AcrossInfrastructure

Leverageinvestmentsinallsectorsforhealth

co-benefits

GreenandClimate-ResilientSystems

Reduceenvironmentalimpactandimproveresilience

ImplementationoftheHealthStrategyisexpectedtoproducethefollowingoutcomes:

1

AccessandEquity:Expandedprimaryhealthcarecoverage,gender-sensitivefacilities,andwater,sanitation,andhygiene(WaSH)improvements.

2

ResilienceandSecurity:Enhancedpandemicpreparednessandsupplychainstability.

3

ClimateandSustainability:Reducedcarbonfootprintandclimate-adaptedhealthfacilities.

4

InnovationandEfficiency:BroaderadoptionofdigitalsystemsincludingtelemedicineandAI-enableddiagnostics.

5

FinanceMobilization:Increasedandinnovativefinancing.

private-sectorparticipation

Additionally,AIIBpublisheditsflagshipreport,

Asian

InfrastructureFinance2025:InfrastructureforPlanetary

Health

,whichunderscorestheintricateinterconnectionsbetweenclimatechange,environmentaldegradation,biodiversityloss,andhumanhealth,presentinga

compellingcaseforadoptinga“planetaryhealth”

paradigmtoaddresstheseglobalchallenges.T